Brain Teaser! Kudos if you can solve

[whom]

During the course of a year, the labor force consists of the same 1000 people. Of these, 20 lack skills that employers desire and hence remain unemployed throughout the year. At the same time, every month during the year, 30 people become unemployed, and 30 other different people who were unemployed find jobs. There is no seasonal employment.
A) What is the frictional unemployment rate?


B) What is the unemployment rate?

C) Suppose that a system of unemployment compensation is established. Each month, 30 new people continue to become unemployed, but each monthly group of newly unemployed now takes two months to find a job. After this change, what is the frictional unemployment rate?

D) After the change discussed in C, what is the unemployment rate?

 

[Skull Pilot]

During the course of a year, the labor force consists of the same 1000 people. Of these, 20 lack skills that employers desire and hence remain unemployed throughout the year. At the same time, every month during the year, 30 people become unemployed, and 30 other different people who were unemployed find jobs. There is no seasonal employment.
A) What is the frictional unemployment rate?


B) What is the unemployment rate?

C) Suppose that a system of unemployment compensation is established. Each month, 30 new people continue to become unemployed, but each monthly group of newly unemployed now takes two months to find a job. After this change, what is the frictional unemployment rate?

D) After the change discussed in C, what is the unemployment rate?

The frictional unemployment rate can be abolished by the liberal application of KY Jelly.

 

[RetiredGySgt]

Missing something here. If only 20 people are permanently unemployed to start and 30 more are added each month BUT another 30 GET jobs each month.....

 

[Bern80]

During the course of a year, the labor force consists of the same 1000 people. Of these, 20 lack skills that employers desire and hence remain unemployed throughout the year. At the same time, every month during the year, 30 people become unemployed, and 30 other different people who were unemployed find jobs. There is no seasonal employment.
A) What is the frictional unemployment rate?


B) What is the unemployment rate?

C) Suppose that a system of unemployment compensation is established. Each month, 30 new people continue to become unemployed, but each monthly group of newly unemployed now takes two months to find a job. After this change, what is the frictional unemployment rate?

D) After the change discussed in C, what is the unemployment rate?

On the face of it at least:

A) 5%

B) 2%

C) 8%

D) 2%

I assume there's a point in our future?

 

[editec]

Depends.

If the unemployed became so because their jobs were shipped to a nation of slaves, then they're not unemployed, they're just socialist slackers who brought that sorry state upon themselves by demanding a livable wage.

 

[Bern80]

Depends.

If the unemployed became so because their jobs were shipped to a nation of slaves, then they're not unemployed, they're just socialist slackers who brought that sorry state upon themselves by demanding a livable wage.

Wow. I just have to congratulate you on your attempt at making something out of absolutey nothing. The BS to word ratio of this post is quite staggering.

I realize you're just trying to goad me, but since none of that reflects my position in the least and the rest is so convolutedly stupid I suggest you try again. Perhaps with something resembling accuracy and coherence.

 

[RetiredGySgt]

Missing something here. If only 20 people are permanently unemployed to start and 30 more are added each month BUT another 30 GET jobs each month.....

Do I get to add 10 people to the work force total? If not, again, your numbers can not work.

 

[Mr. President]

none of the percentages fit

 

[jillian]

During the course of a year, the labor force consists of the same 1000 people. Of these, 20 lack skills that employers desire and hence remain unemployed throughout the year. At the same time, every month during the year, 30 people become unemployed, and 30 other different people who were unemployed find jobs. There is no seasonal employment.
A) What is the frictional unemployment rate?

3%
B) What is the unemployment rate?
5%

C) Suppose that a system of unemployment compensation is established. Each month, 30 new people continue to become unemployed, but each monthly group of newly unemployed now takes two months to find a job. After this change, what is the frictional unemployment rate?
6%

D) After the change discussed in C, what is the unemployment rate?

8%

why?

of course, I could be totally wrong..... if math were my thing, I'd have become a doctor, not a lawyer. lol.. but I figured I'd take a shot anyway.

 

[Bern80]

8%

why?

of course, I could be totally wrong..... if math were my thing, I'd have become a doctor, not a lawyer. lol.. but I figured I'd take a shot anyway.

I'm not saying I'm right. But frictional unemployment is basically anybody between jobs and looking for work. So if it takes two month for people to find work you 30 laid off each month. the mext month thirty more get laid off and the 30 from the previous month still aren't unemply so that's 6% plus the 20 so called unemployable, but I would still call them frictionally unemployed as well so that's 8%. Not a 100% on this but I don't believe frictional umemployment is counted in unemployment.

 

[jillian]

I'm not saying I'm right. But frictional unemployment is basically anybody between jobs and looking for work. So if it takes two month for people to find work you 30 laid off each month. the mext month thirty more get laid off and the 30 from the previous month still aren't unemply so that's 6% plus the 20 so called unemployable, but I would still call them frictionally unemployed as well so that's 8%.

I know...that's how I got my 8%, too.